Apollo nears deal to buy nearly 10% stake in Mubadala Capital, boosting ties with Abu Dhabi's sovereign wealth fund.

Apollo Global Management is finalizing a deal to acquire nearly a 10% stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi's Mubadala Investment Company. This move strengthens Apollo's strategic presence in Abu Dhabi, a key global investment hub, and deepens its existing partnership with Mubadala, including a $2.5 billion joint venture in private credit. The deal highlights the growing importance of scale in asset management and marks a shift with American firms investing directly in Middle Eastern investment platforms. Mubadala Capital manages over $755 billion in assets, with $60 billion in alternatives, and this investment supports its global growth ambitions.

Apollo Global Management shares trade at USD 112.95 on Pluang as of Oct 26, 2026 18:12 WIB, up 0.11% for the day. The stock's market cap stands at $66.63 billion, reflecting its significant size in the financial sector. Volume on Pluang reached 2,779,945 shares, showing active investor interest during this period.